Trump delays some China tariffs until December

WASHINGTON, Aug 14 (Bernama) -- Some of the 10 per cent tariffs US President Donald Trump said would be imposed on US$300 billion worth of Chinese goods will be delayed until Dec 15, the US Trade Representative announced Tuesday.

Turkey's Anadolu Agency reported that the office did not specify why the delay was taking place other than citing its "public comment and hearing process."

Items that will be affected include cell phones, laptops, video game consoles, certain toys, computer monitors, and some footwear and clothing items.

Meanwhile, certain unspecified items are bring removed from the tariffs list altogether "based on health, safety, national security and other factors and will not face additional tariffs of 10 per cent," the trade representative said.

It is not clear how much of the original US$300 billion worth of Chinese imports would continue to be affected.

The Dow jumped nearly 400 points in mid-morning trading following the announcement as the Nasdaq hiked nearly 200 points. 

The ongoing trade war between the world's top two has sent shockwaves through global markets. 

The tariffs that are set to go into effect on Sept 1 and then in December are on top of some US$250 billion worth of Chinese imports Trump already put a 25 per cent rate on. 

-- BERNAMA